(MENAFN- America News Hour)In a recently published report, IT Asset Disposition Market, report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IT Asset Disposition Market, products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
The report covers the forecast and analysis of the IT Asset Disposition market on a global and regional level. The study provides historical data from 2013 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the IT Asset Disposition market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the IT Asset Disposition market on a global level.
In order to give the users of this report a comprehensive view of the IT Asset Disposition market, we have included a competitive landscape and an analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the IT Asset Disposition market by segmenting the market based on service, assets type, organization size, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Growing acceptance of new services and BYOD (Bring Your Own Device) is predicted to steer the expansion of the market over the forecast period. Nevertheless, transport issues such as equipment loss in transit are likely to pose a threat to the expansion of the IT asset disposition industry over the forecast timeline. However, value recovery through obsolete assets is predicted to create lucrative opportunities for the market over the forecast period. Apart from this, high service costs can impede business growth over the forecast timeline.
On the basis of service, the market is divided into De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Destruction/Data Sanitization, Logistics Management & Reverse Logistics, and Other Services. Based on the assets type, the industry is classified into Computer/Laptops, Mobile Devices, Servers, Peripherals, and Storage Devices. In terms of organization size, the industry is segmented into SOHO & Medium Enterprises and Large Enterprises. Based on the end-user, the market is divided into BFSI, IT & Telecom, Manufacturing, Educational Institutions, Media & Entertainment, Healthcare Industry, Aerospace & Defense, Public Sector & Government Offices, and Others.
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Some of the key participants in the business include TES (Singapore) Pte Ltd., Hewlett-Packard Company, Sims Recycling Solutions, Inc., IBM, Iron Mountain Inc., CloudBlue Technologies, Inc., ITrenew Inc., Arrow Electronics, TBS Industries, Apto Solution, Inc., LifeSpan International Inc., and Dell Inc.
Table of Content
CHAPTER 1. Executive Summary 23
CHAPTER 2. IT Asset Disposition market – Service Analysis 25
2.1. Global IT Asset Disposition Market – Service Overview 25
2.2. Global IT Asset Disposition Market Share, by Service, 2018 & 2025 (USD Million) 25
2.3. De-Manufacturing & Recycling 27
2.3.1. Global De-Manufacturing & Recycling IT Asset Disposition Market, 2015-2027 (USD Million) 27
2.3.1. Global De-Manufacturing & Recycling IT Asset Disposition Market, 2015-2027 (USD Million) 27
2.4. Remarketing & Value Recovery 28
2.4.1. Global Remarketing & Value Recovery IT Asset Disposition Market, 2015-2027 (USD Million) 28
2.4.1. Global Remarketing & Value Recovery IT Asset Disposition Market, 2015-2027 (USD Million) 28
2.5. Data Destruction/Data Sanitization 29
2.5.1. Global Data Destruction/Data Sanitization IT Asset Disposition Market, 2015-2027 (USD Million) 29
2.5.1. Global Data Destruction/Data Sanitization IT Asset Disposition Market, 2015-2027 (USD Million) 29
2.6. Logistics Management & Reverse Logistics 30
2.6.1. Global Logistics Management & Reverse Logistics IT Asset Disposition Market, 2015-2027 (USD Million) 30
2.6.1. Global Logistics Management & Reverse Logistics IT Asset Disposition Market, 2015-2027 (USD Million) 30
2.7. Other Services 31
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